Venture Visionary Partners LLC Raises Stake in Republic Services, Inc. $RSG

Venture Visionary Partners LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 28.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,423 shares of the business services provider’s stock after buying an additional 762 shares during the quarter. Venture Visionary Partners LLC’s holdings in Republic Services were worth $829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. Brighton Jones LLC grew its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares in the last quarter. Natixis grew its holdings in shares of Republic Services by 259.2% during the fourth quarter. Natixis now owns 9,782 shares of the business services provider’s stock worth $1,968,000 after buying an additional 7,059 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Republic Services by 1.6% during the fourth quarter. MML Investors Services LLC now owns 19,405 shares of the business services provider’s stock worth $3,904,000 after buying an additional 314 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Republic Services by 5.0% in the fourth quarter. Hsbc Holdings PLC now owns 579,379 shares of the business services provider’s stock valued at $116,456,000 after purchasing an additional 27,453 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after purchasing an additional 499,237 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.5%

Shares of RSG stock opened at $236.0620 on Thursday. The stock has a market cap of $73.70 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 3.66 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The firm’s 50 day moving average price is $240.78 and its two-hundred day moving average price is $240.19.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is presently 34.32%.

Analyst Ratings Changes

RSG has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Raymond James Financial boosted their target price on shares of Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. National Bank Financial upgraded shares of Republic Services to a “hold” rating in a report on Monday, May 26th. Finally, Robert W. Baird boosted their target price on shares of Republic Services from $232.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.